home. Some final things to keep in mind Now that you understand how to use the candlestick chart to predict an assets movement at any given time you are on your way to making a profit in Binary Options trading, but there are a few things. If you go long (buy calls) in the EUR/USD, GBP/USD and sell (buy puts) the USD/CHF you have essentially taken 3 very similar positions.
The underlying asset can be a stock, a forex currency pair, a commodity or an index. If the market is more volatile then its much harder to predict what the asset might do, so sticking with the less volatile markets is key to winning, using this strategy. It would take you hours and hours to come up with all of the data that the software can do in seconds.
How To Read Exchange Correlations Correlations are normally displayed with values ranging from -100 to 100. NB: Interested In Mining Bitcoin And Other Cryptocurrencies for Profit? These correlations do change and two pairs never move perfectly in harmony. The Advantages of Forex The biggest drawback when trading Binary Options is your required win rate. Some brokers will even give you a portion of your money back when you predict wrong, usually around.